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was comparatively pretty good, this the president said no, now you don't want to raise tax rates because the economy is fragile. gdp is worse now, is that? >> i think almost exactly two years ago, the president said the economy is too fragile to raise taxes on anyone. so what you have essentially was a deal that was put together. remember back in december of 2010 when we were facing a very similar situation where they agreed to extend all the tax cuts for two years. by the way, that is why we are facing this new fiscal cliff. it is infuriating to business owners. i have been talking to a lot of them last couple of weeks. this is banana republic type of politics. no one knows what it will look like. it makes it impossible for businesses to do planning, purchasing equipment, hiring workers. you are seeing the impact on the stock market already where we have a lousy 10 days with stocks because everybody is in this kind of state of fear and trepidation that we are going to go over this cliff. i will give you a sliver of good news, i talked to some of my sources in the republican leadership and they say
wonder about the times square thing when a million people gather together, why don't they throw the earth off its axis? all that weight concentrated in times square i'm concerned about that. uma: it's an interesting thought jon scott. things that you think about. jon: i'm not worried about the security i just want to make sure the sun rises at the proper time tomorrow morning. uma: absolutely. it's going to be quite an event as always with a billion people around the world watching it. jon: that's right. have a good one. thank you for joining us for our last broadcast of 2012. uma: happy new year, everybody. jon: "america live" starts right now. rick: we begin with a fox news alert. we have got even word a few moments ago that we will hear from president obama. he will be speaking in about a half an hour from now on negotiatings over a debt deal 0, just about 11 hours left now until washington's failure to reach a deal would trigger a big series of tax hikes and spending cuts. welcome to "america live" i'm rick folbaum. >> i'm arthe arthel nevel. the president is expected to make remarks
from going over the so-called fiscal cliff. they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the first place. we stop borrowing money from the future to prop us up now. we have the immediate problems but in the long term we are in gets shape. that's what they are grappling this. how do they best structure this to do the least amount of damage now but get us to the good economy in the future. >> reporter: if you look up a research paper from the president's own economist you'll find in the long run we are healthier, short run, yeah, it's painful. is that what motivates some of the republicans that, you know, what are called chuckle heads, but maybe in the end they are wisdom heads. >> that is certainly part of the motivation there. the other part of the motivation, and
reasons we don't have at time. >> reporter: the police chief said that the shooter's body was found nearby. he also said that it was not clear at this time what type of a weapon it was, whether it was an assault rifle. also to be mentioned because of the shooting that took place, the fire that started in one home then spread to a number of other homes, at least four homes were seriously damaged or destroyed here. at this hour the investigation continues, still not clear, gregg, on the minds of many this christmas eve the motive, why the gunman opened fire on the local firefighters. gregg? gregg: what a sad and inexplicable event on christmas eve. david lee mill e we'll check back with you. thank you. >> well, to another fox news alert with a better ending, a u.s. marine just making it home in time for christmas. he's been hospitalized in louisiana shortly after being released from one of mexico's most dangerous prisons. john hammer, he was jailed for months when he tried to cross the border with an antique shotgun his family says is an heirloom. here's how his mother described her first co
with her successor. i don't have any phone calls or other activities of hers to read out other than to say she continues to be on the mend and continues to recover. >> reporter: i spoke to one republican senate staffer this morning who said the sense he gets is that a lot of republican senators still want to hear from secretary chrirnt ton. secretary clinton and want to hear from her before she steps down. so they want testimony about benghazi from the sitting secretary of state, hillary clinton in the next few weeks. heather? heather: we will see if that happens. thank you very much, peter. coming up we'll speak with former u.s. ambassador to the u.n. john bolton how and why these officials still have their jobs. gregg: just four days to the new year and potentially the fiscal cliff so far little to know progress reported in making a deal to avert across the board tax hikes for 90% of the american households. it's been 10 days since the president and the speaker held any substantial face-to-face meetings. is time up or is it still possible for both sides to reach a last minute deal? let's
Search Results 0 to 4 of about 5